In this article, we will take a look at the 10 best performing Warren Buffett stocks in 2024.

Warren Buffett has etched his name as the most successful investor on Wall Street by steering a small company into a trillion-dollar empire. The milestone stems from the billionaire investor’s value investing strategy that has always focused on undervalued stocks with tremendous upside potential.

In a year where the overall market has been on an upward trajectory thanks to solid financial results amid a resilient economy and expectations of interest rate cuts, Buffett has outperformed the overall market. His investment firm gaining more than 28% compared to a 17% gain for the S&P 500 over the same period underscores Buffett’s competitive edge in picking and investing in market-beating stocks.

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Buffett, who rose to prominence in the 1960s, has transformed his investment firm into a conglomerate with stakes in companies in the insurance, railroad, retail, manufacturing, and energy sectors. According to Andrew Kligerman, TD Cowen’s Berkshire analyst, Buffett’s performance in 2024 is a testament to his stock-picking skills focused on businesses trading at relatively lower valuations.

Nevertheless, the billionaire investor has been in defensive mode despite the stellar performance for the better part of 2024. Concerned by valuations getting out of hand amid the high interest rate environment and deteriorating economic conditions, Buffett has dumped massive amounts of stocks in companies whose valuations got out of hand.

With the massive sale of stakes, the billionaire has successfully generated significant value as most of the stocks had gained significantly amid the bull run in the market. The stock sale has also allowed the billionaire investor to raise the cash pile in his investment firm to a record $277 billion.

Although Buffett has previously argued against diversification, it’s understandable why his firm decided to reduce stakes in some of the companies. The investments had been a huge success for his firm, locking profits with the overall market at all-time highs.

The fact that Buffett invests through a conglomerate structure, often considered archaic, underscores his edge in the highly competitive investment world. At 94, the ‘Oracle Omaha’ has started showing signs of slowing down. The appointment of Greg Abel as his successor signals he may not have a significant say in investment decisions in the near future.

What might come as a surprise is that the best-performing Warren Buffett stocks in 2024 are not among the big names that account for the biggest share of Buffett’s portfolio. Instead, they are companies that have remained resilient amid the high interest rate environment that has rattled the stock market.

Additionally, they boast of stocks well positioned to benefit as the macroeconomic environment improves, with the US Federal Reserve cutting interest rates by 50 basis points. The US economy is avoiding recession as the Fed continues to tweak its monetary policy, which should allow the companies to generate more shareholder value and, therefore, continue powering high.

Buffett’s investment portfolio also includes companies with tremendous potential and ability to generate free cash flow owing to resilient core businesses. Consequently, the companies have emerged as a source of passive income, allowing Buffett to generate billions of dollars in dividends. Last year alone, the Oracle of Omaha raked $4.36 billion in dividends from his investments.

Our Methodology

We analyzed Berkshire Hathaway’s Q2 2024 portfolio and picked the best-performing stocks on a year-to-date basis, as of September 20. The list is sorted in ascending order of the year-to-date performance of the stocks.

At Insider Monkey, we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

10 Best Performing Warren Buffett Stocks in 2024

10. Moody’s Corporation (NYSE:MCO)

Warren Buffett’s Q2 2024 Stake: $10.38 Billion

Year to Date Gain as of September 20: 28.36%

Number of Hedge Fund Investors In Q2 2024: 59

Moody’s Corporation (NYSE:MCO) is one of the best-performing Warren Buffett stocks in 2024 in the financial service sector. It specializes in providing a range of products and services that support the risk management activities of institutional participants in financial markets.

It is one of the oldest holdings in Buffett’s portfolio and continues to generate significant value in share price gains and dividend offerings. Its competitive edge stems from operating two robust businesses.

Moody’s Corporation (NYSE:MCO) runs a business that evaluates the creditworthiness of different bond issuers, including companies and governments. It holds a significant market position, facing competition primarily from S&P Global and Fitch Ratings. Additionally, it has an analytics division that employs data to assess risk.

Record-low interest rates have encouraged companies and government bodies to issue debt for over a decade. This has sustained the importance of Moody’s Corporation (NYSE:MCO)’s core operating division. Booming businesses have seen the stock sentiments receive significant powering to record highs.

Moody’s Corporation (NYSE:MCO) has moved to strengthen its business empire and reach the market. The firm revealed its purchase of Praedicat, a company that focuses on analytics for the casualty insurance industry. This deal is anticipated to improve Moody’s data and analytical capabilities, especially in the areas of casualty and liability risk assessment, but it is not expected to affect Moody’s financial performance for the year 2024 significantly.

The company delivered solid second-quarter results, with revenues increasing 22% to $1.8 billion. On the other hand, earnings came in at $600 million or $3.02 a share, up from $2.05 a share last year. Growth in the underlying core business and solid financial results is the catalyst behind the stock rallying by 28.36% and outperforming the 18% gain of the S&P 500.

In Q2 2024, 59 out of the 912 hedge funds monitored by Insider Monkey purchased shares of the firm. The largest hedge fund investor in Moody’s Corporation (NYSE:MCO) is Warren Buffett’s Berkshire Hathaway, which holds shares valued at $10.38 billion.

9. Lennar Corporation (NYSE:LEN)

Warren Buffett’s Q2 2024 Stake: $21.27 Million

Year to Date Gain as of September 20: 30.51%

Number of Hedge Fund Investors In Q2 2024: 60

Lennar Corporation (NYSE:LEN) is one of Buffett’s top investment players in the residential construction sector. It specializes in constructing and selling single-family attached and detached homes and purchasing, developing, and selling residential land.

Up by more than 30% for the year, it is one of the best-performing Warren Buffett stocks in 2024, shrugging off deteriorating economic conditions amid the high interest rates. Likewise, the rally looks set to continue as a move by the Fed to cut interest rates is expected to fuel activities in the homebuilding industry.

Lennar Corporation (NYSE:LEN) has rallied to all-time highs on investors getting buoyed by strong financial performance and an improving outlook in the housing construction business. The company delivered solid second-quarter results with earnings of $3.90, above estimates of $3.62 per share. Revenues totaled $9.42 billion against $8.73 billion in the same quarter last year.

Lennar Corporation (NYSE:LEN) benefits from a resilient US economy that has shrugged off recession amid the high interest rate environment. During the quarter, it recorded a 5% increase in new home orders at 20,587, underlining robust demand in the housing market. It now expects to deliver between 22,500 and 23,000 new homes and orders between 19,000 and 19300, underlining robust growth.

The stock is trading at a price-to-earnings multiple of 11 and appears undervalued, going by the robust growth, solid underlying fundamentals, and the fact that it rewards investors with a 1.04% dividend yield.

60 hedge funds hold long positions in Lennar Corporation (NYSE:LEN) in the second quarter of 2024, down from 75 in the previous quarter. Greenhaven Associates is the highest shareholder, with a stake worth $1.34 billion.

8. Liberty Latin America Ltd. (NASDAQ:LILA)

Warren Buffett’s Q2 2024 Stake: $25.28 Million

Year to Date Gain as of September 20: 32.28%

Number of Hedge Fund Investors In Q2 2024: 23

Liberty Latin America Ltd. (NASDAQ:LILA) is a communications services company that provides fixed, mobile, and subsea telecommunications services. It emerged as one of the best-performing Warren Buffet stocks in 2024, with a 32.28% gain.

The rally has come on the company’s core business growing at an impressive rate, delivering solid financial results. While revenue in the second quarter remained unchanged at $1.11 million, the company recorded an adjusted OIBDA for the second quarter of $389.1 million.

Liberty Latin America Ltd. (NASDAQ:LILA) experienced notable growth in its customer base, securing an additional 62,000 new clients over the first half of the year, excluding Puerto Rico. Despite facing challenges in Puerto Rico, the company is poised to continue its upward momentum through strategic acquisitions with millions and investments in fiber and 5G technologies.

Liberty Latin America Ltd. (NASDAQ:LILA) has also announced its intention to repurchase shares and anticipates a profit increase across its operations in the next year. The company has been involved in major acquisitions and mergers, including Tigor in Costa Rica and DISH in Puerto Rico. These strategies are crucial for Liberty Latin America’s goal of enhancing landline and mobile services and returning to financial health.

It remains one of the top stock picks in Buffett’s portfolio owing to its record in returning value to shareholders. In the year’s first half, it returned $300 million through buybacks.

By the close of Q2 this year, 23 out of the 912 hedge funds tracked by Insider Monkey had invested in Liberty Latin America Ltd. (NASDAQ:LILA). The largest stake, valued at $44.60 million, was held by Mark G. Schoeppner’s Quaker Capital Investments.

Here is what Bonhoeffer Capital Management said about Liberty Latin America Ltd. (NASDAQ:LILA) in its Q3 2023 investor letter:

“Contrast that to Liberty Latin America Ltd. (NASDAQ:LILA), which for much of the past 7.25 years (since the spin-off) has had an undervalued (four or five star) rating. The value growth (-11%/year growth over the past 7.25 years) has driven this stock’s return (-14%/year over the past 7.25 years), as the market increasingly discounted this stock for negative growth-a classic value trap. The future value of Liberty Latin America is driven by the ability to increase its intrinsic value over time with the changes in valuation playing a secondary role.”

7. NVR, Inc. (NYSE:NVR)

Warren Buffett’s Q2 2024 Stake: $84.32 Million

Year to Date Gain as of September 20: 38.61%

Number of Hedge Fund Investors In Q2 2024: 47

NVR, Inc. (NYSE:NVR) is a home-building company specializing in constructing and selling single-family detached homes, townhomes, and condominiums. The stock has powered to all-time highs following a 38.61% year-to-date gain, affirming why it is one of the best-performing Warren Buffett stocks in 2024.

The outperformance underlines a period of outstanding growth in the home construction sector poised to receive a significant boost in a lower interest rate environment. NVR, Inc. (NYSE:NVR)’s impressive performance coming at one of the most challenging economic environments characterized by high interest rates has made it a standout investment play in the real estate sector

Amid the challenging business environment, the home builder posted a 1% decline in net income that totaled $400.9 million. Nevertheless, revenue was up 12% yearly to $2.61 billion, and homebuilding revenues totaled $2.55 billion.

While NVR, Inc. (NYSE:NVR) does not pay dividends, it returns value to shareholders through buybacks. It increased its buyback program to $639 million in the second quarter. It should continue to generate more free cash flow to support share repurchases, given that it operates in regions with scarce resale inventory and rising home prices. It currently has over $3 billion in net cash to return to shareholders.

47 hedge funds had stakes in NVR, Inc. (NYSE:NVR), with total positions worth $878.38 million in the second quarter of 2024. With 56,728 shares worth $430.48 million, Diamond Hill Capital is the most dominant shareholder in the company, as of June 30, 2024.

Artisan Partners commented on NVR, Inc. (NYSE:NVR) in its first quarter 2024 investor letter:

“Notable adds in the quarter included Xylem, NVR, Inc. (NYSE:NVR) and Equifax. NVR is a highly productive, build-to-order homebuilder with a land-light strategy that operates in the mid-Atlantic, Northeast, Southeast and Midwest regions. The company uses land options rather than land purchases in its lot development, meaning it can simply focus on building homes and walk away from lots should the environment change (which has proven to be an effective risk management approach over time). The housing cycle continues to be favorable for homebuilders from both a supply and demand perspective. Demographic trends (household formation) support demand while supply is constrained due to a low rate of housing starts and depressed existing home sales (since many existing homes are financed with below-market interest rates). We added to the position on signs of homebuilder orders accelerating.”

6. American Express Company (NYSE:AXP)

Warren Buffett’s Q2 2024 Stake: $35.11 Billion

Year to Date Gain as of September 20: 42.72%

Number of Hedge Fund Investors In Q2 2024: 68

American Express Company (NYSE:AXP) is one of the best-performing Warren Buffett stocks in 2024 as it continues offering crucial financial services. Its integrated payment business, which includes credit cards, charge cards, and other financing products, has benefited from the robust US economy that has remained resilient amid the high interest rates.

American Express Company (NYSE:AXP) stands out as one of the top holdings in Buffett’s portfolio owing to its history of returning value through dividends. The robust core business has allowed the company to demonstrate consistent earnings power and fundamental strength, therefore growing its bottom line and dividends.

Its second-quarter revenue rose 8% yearly to record highs of $16.33 billion as profits landed at $3.02 billion or $4.15 a share. The impressive results stem from the company’s unique core business that generates earnings regardless of the economic conditions.

When there’s a slowdown in credit card spending due to tougher economic times, American Express Company (NYSE:AXP)’s rewards costs decrease, enhancing its bottom line. Moreover, when consumers have less money to spend, the amount of credit they owe rises, leading to an increase in interest earnings. Furthermore, its customers who spend a lot are more durable than the typical customer of its rivals, earning American Express a reputation for having the lowest rates of late payments in the sector.

Management increased its dividend payout to $0.70 a share, up by 8%, translating to a dividend yield of 1.04%. At a price-to-earnings ratio of 19.24, American Express Company (NYSE:AXP)’s valuation remains attractive relative to its near-term earnings growth.

By the end of June 2024, 68 out of the 912 hedge funds tracked by Insider Monkey had invested in American Express Company (NYSE:AXP). The largest shareholder was Warren Buffett’s Berkshire Hathaway, with a stake valued at $35.11 billion.

In its Q1 2024 investor letter, Artisan Select Equity Fund had this to say about American Express Company (NYSE:AXP):

“American Express Company (NYSE:AXP) shares rose 22% this quarter. This is an interesting case study given our earlier discussion about inflation. American Express operates one of the largest credit card networks in the world. Its revenue is largely a function of a fee rate applied to the dollar value of goods and services that are transacted through its network. That dollar value is, of course, nominal. As inflation pushes up the value of those goods and services as it has for the past few years, American Express will capture that value through its fee structure. The past few years inflation has clearly been a benefit. Aside from its inherent inflation protection, the business is a very strong one. Payments continue to shift toward electronic forms, benefiting American Express. It also has a strong brand that attracts loyal and highly profitable customers that are the envy of the industry. Recent results have been strong with revenues moving nicely ahead of GDP.”

5. HEICO Corporation (NYSE:HEI)

Warren Buffett’s Q2 2024 Stake: $185.37 Million

Year to Date Gain as of September 20: 48.71%

Number of Hedge Fund Investors In Q2 2024: 53

HEICO Corporation (NYSE:HEI) is proving to be a solid investment player in the industrial sector. The company designs, manufactures, and sells aerospace, defense, and electronic-related products and services and has been flying high, as depicted by the stock’s 48.71% year-to-date gain.

Investors have demonstrated greater trust in Heico’s growth path and standing in the market, pushing the stock to higher levels. The firm’s steady performance, strategic purchases, and robust demand for its offerings in the defense and aerospace industries are major elements behind the significant increase in its stock value.

HEICO Corporation (NYSE:HEI) delivered solid third-quarter results that affirmed growth in the core business earnings, exceeding the average forecasts. Operating income increased by 45% in the quarter as net sales jumped 37%. Net income was up 34% to $136.6 million.

Even though there was a minor drop in total sales for the Electronic Technologies Group (ETG) due to reduced demand in non-aerospace and defense areas, especially in the medical products segment, the company is still hopeful about its future expansion opportunities.

Amid the solid financial results, HEICO Corporation (NYSE:HEI)’s acquisition strategy is also positioning it for tremendous growth, underscoring the rally in the market. The acquisition of assets from Honeywell International to back important cockpit display products and the purchase of Cape well Aerial Systems’ divisions in aerial delivery and descent. These strategic decisions not only expand HEICO Corporation’s range of offerings but also set it up for sustained growth in the defense industry.

53 out of the 912 hedge funds part of Insider Monkey’s Q2 2024 database had bought a stake in HEICO Corporation (NYSE:HEI). Warren Buffett’s Berkshire Hathaway owned the biggest stake, which was worth $185.37 million.

4. Louisiana-Pacific Corporation (NYSE:LPX)

Warren Buffett’s Q2 2024 Stake: $491.08 Million

Year to Date Gain as of September 20: 49.35%

Number of Hedge Fund Investors In Q2 2024: 42

Louisiana-Pacific Corporation (NYSE:LPX) is an industrial company that provides building materials for home construction. The stock has already skyrocketed to all-time highs, affirming growing investor confidence in the company’s ability to capitalize on robust demand for construction materials.

Strategic initiatives and operational efficiency have also helped strengthen the company’s sentiments on Wall Street. The company has demonstrated strong financial performance that underlines effective management.

Louisiana-Pacific Corporation (NYSE:LPX) delivered impressive second-quarter results whereby revenues were up 33% to $814 million as earnings grew 280% to $2.09 a share. The stellar results have been the catalysts driving the stock in the markets.

Additionally, management has been conducting stock buybacks, reiterating confidence that the stock is on course to continue going higher after rallying by about 49.35%. Louisiana-Pacific Corporation (NYSE:LPX) has also emerged as one of the best-performing Warren Buffett stocks in 2024 for generating passive income.

Backed by a solid balance sheet, Louisiana-Pacific Corporation (NYSE:LPX) is on course to raise its dividend for the sixth consecutive year, taking its yield to 1%.

In Q2 2024, the number of hedge funds holding stakes in Louisiana-Pacific Corporation (NYSE:LPX) dropped to 42 from 48 in the previous quarter, based on Insider Monkey’s analysis of 912 hedge funds. During this period, Warren Buffett’s Berkshire Hathaway became the largest stakeholder.

Here is what Cooper Investors Global Equities Fund said about Louisiana-Pacific Corporation (NYSE:LPX) in its Q2 2024 investor letter:

“In the last newsletter we discussed a visit to US building materials company Louisiana-Pacific Corporation (NYSE:LPX) that is progressing through a substantial commodity-to-specialty mix shift. Results in the first quarter saw better siding volumes and a margin step-up larger than expected, plus better realised OSB prices. Did the intrinsic value of the business improve by a fifth overnight? Unlikely. This transformation is multi-year in the making, and there will be bumps along the way. Nevertheless, it was a solid quarter of execution and the market saw fit to reprice the stock upwards by >20% on the day.”

3. DaVita Inc. (NYSE:DVA)

Warren Buffett’s Q2 2024 Stake: $5 Billion

Year to Date Gain as of September 20: 52.62%

Number of Hedge Fund Investors In Q2 2024: 34

DaVita Inc. (NYSE:DVA) is one of Warren Buffett’s top investments in the healthcare sector, specializing in providing kidney dialysis services. It is one of the best-performing Warren Buffett stocks in 2024, benefiting from solid service demand that has yielded impressive financial results.

DaVita Inc. (NYSE:DVA)’s competitive edge stems from being the major provider of kidney dialysis services across the United States, managing 2,675 locations for outpatient dialysis and an additional 367 sites in 11 different nations. Its consistent approach to business aligns well with Warren Buffett’s investment strategies.

After accruing most of the growth in the US, DaVita Inc. (NYSE:DVA) is expected to grow its global presence further by making strategic acquisitions and aiming to become the leading provider of dialysis services in Latin America.

The company was on a roll in the second quarter, with dialysis treatment increasing 1.1% to $7.265 million. The dialysis provider generated $3.187 billion in revenues and a net income of $223 million or $2.59 a share. It exited the quarter in a solid financial position with $1 billion in free cash flow. The stock is currently trading at a discount with a price-to-earnings multiple of 14.

Insider Monkey reviewed 912 hedge fund portfolios for their Q2 2024 shareholdings and identified 34 investors in DaVita Inc. (NYSE:DVA). The largest shareholder was Warren Buffett’s Berkshire Hathaway, with a $5 billion investment.

Here’s what Ariel Global Fund mentioned about DaVita Inc. (NYSE:DVA) in its Q1 2024 investor letter:

“Leading provider of dialysis services, DaVita Inc. (NYSE:DVA) outperformed during the period following a top- and bottom-line earnings beat. DaVita is benefitting from cost saving initiatives, early signs of a normalization in patient growth trends on par with pre-pandemic levels, improved leverage and an aggressive share buyback program. The company also recently announced an expansion of its international operations in Latin America, presenting an attractive long-term growth opportunity. Furthermore, management provided a 2024 financial outlook which is well above consensus and anticipates favorable growth. In our view, we believe the market misunderstands the long-term clinical impact of glucagon-like-peptide-1 (GLP-1s) on dialysis and as such, DaVita currently trades at a significant discount relative to our estimate of its intrinsic value.”

2. Jefferies Financial Group Inc. (NYSE:JEF)

Warren Buffett’s Q2 2024 Stake: $21.57 Million

Year to Date Gain as of September 20: 54.11%

Number of Hedge Fund Investors In Q2 2024: 39

Jefferies Financial Group Inc. (NYSE:JEF) is a financial services company that operates as an investment banking and capital markets firm. The company provides banking advisory services and has been one of the best-performing Warren Buffett stocks in 2024 amid the high interest rates environment.

Jefferies Financial Group Inc. (NYSE:JEF) has been powering high in 2024, supported by solid fundamentals such as high interest rates that board well with financial services core business. The rally to 52-week highs underscores a period of significant growth for the diversified financial services company, which has seen its stock value surge by an impressive 70.86% over the past year.

Investors have been buying the stock buoyed by the company’s strategic initiatives and strong financial performance. The firm’s profits rose in the second quarter, as the revenue from investment banking soared by 59% to $1.66 billion and the underwriting of debt more than doubled, contributing to indications of improving outlooks for the largest US banks.

For the fiscal second quarter, investment banking revenue was up 59%. The total earnings were $145.7 million, or 64 cents per share, a significant rise from $12.4 million, or 5 cents per share, in the previous year. These figures indicate a rebound in the demand for investment banking services following geopolitical worries and persistently high interest rates, which previously slowed down the pace of deal-making.

Amid the solid financial results, Jefferies Financial Group Inc. (NYSE:JEF) confirmed a 35% increase in dividend payout to 35 cents a share, affirming why it is one of Warren Buffett’s top stocks.

During June 2024, 39 out of the 912 hedge funds polled by Insider Monkey had bought and owned Jefferies Financial Group Inc. (NYSE:JEF)’s shares. Out of these, the biggest investor was Robert Rodriguez and Steven Romick’s First Pacific Advisors LLC, as it owned 5.4 million shares that are worth $269.21 million.

1. Nu Holdings Ltd. (NYSE:NU)

Warren Buffett’s Q2 2024 Stake: $1.38 Billion

Year to Date Gain as of September 20: 82.04%

Number of Hedge Fund Investors In Q2 2024: 59

Nu Holdings Ltd. (NYSE:NU) is a financial services company that provides a digital banking platform in Latin America and Europe. It offers financial solutions, including Nu credit and prepaid card, a technologically advanced card that serves as both a credit card and a prepaid card.

Nu Holdings Ltd. (NYSE:NU) is the best-performing Warren Buffet stock in 2024, up 82.04%, due to its strong business model with a well-established brand, efficient cost structure, and effective monetization strategies.

The company’s competitive edge in the highly competitive financial services sector stems from its ability to attract and keep customers with minimal marketing spend. Concentrating on populations that are currently overlooked or not yet reached. It builds a devoted customer following naturally, cutting down on the need for expensive advertising efforts.

This shift means more of its earnings can be put back into expanding the business instead of being used to attract new clients. The lean and expandable framework of Nu’s approach makes it highly efficient in serving active customers. Reduced expenses lead to greater profit margins and improved financial stability over time. This expandability also lets Nu Holdings Ltd. (NYSE:NU) grew without the need for significant investments in facilities or staff, allowing Nu Holdings to prioritize customer satisfaction and growth.

The company’s Q2 2024 financial results underscore the growth trajectory as revenues increased 52% to $2.85 billion and earnings doubled to $0.12 per share. Throughout the quarter, Nu Holdings Ltd. (NYSE:NU) gained 5.7 million new customers, reaching a worldwide total of 105 million. This upward trend in digitalization is anticipated to propel NU Holding’s growth even more.

As of the second quarter of 2024, 59 hedge funds were bullish on Nu Holdings Ltd. (NYSE:NU), a decrease from 63 during Q1. Warren Buffett’s Berkshire Hathaway is the most significant shareholder of the company, with stakes worth $1.38 billion.

Baron Funds mentioned Nu Holdings Ltd. (NYSE:NU) in its Q2 2024 investor letter. Here is what the firm said:

“Nu Holdings Ltd. is a digital bank with operations in Brazil, Mexico, and Colombia. Shares appreciated during the quarter after the company reported strong balance sheet growth and improving margins. New product launches and expansion in newer countries are yielding favorable results. Nu also benefited from inclusion in the MSCI Brazil Index, which prompted buying from passively managed funds. We continue to own the stock because Nu is disrupting the financial services industry in Latin America with its digital distribution and intense focus on user experience. The company has grown to serve over 90 million customers in less than 10 years, largely through word-of-mouth referrals. We believe the company’s superior product offering will drive continued share gains in large and growing markets.”

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